GMS (GMS) reported fiscal Q2 adjusted net income Thursday of $2.02 per diluted share, down from $2.40 a year earlier.
Analysts polled by FactSet expected $2.19.
Net sales for the fiscal quarter ended Oct. 31 was $1.47 billion, up from $1.42 billion a year earlier.
Analysts surveyed by FactSet expected $1.46 billion.
GMS said it has renewed its share buyback program, authorizing the company to repurchase up to $250 million of its outstanding shares.
Shares of the building materials provider were down 1% in recent Thursday premarket activity.
Price: 101.26, Change: -1.03, Percent Change: -1.01
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